8 Tips to Launching A New Business That WON'T FAIL | Shark Tank's Daymond John 

You’re A Great Mentor 🙌🏾

1. Be able to clearly establish a problem you are trying to solve. There are no new things. You have a better mousetrap. 2. Define your target market. Is it kids? What is it? 3. Know your competition and what makes you different. 4. Social Media - Create that business page. 5. Build a business plan with timelines. Plans more successful. 6. Gathering Capital. Don't take too much capital. 7. Embrace failure. Be vulnerable. Hear the no's. Learn from mistakes. Narrow and deep. You will have to learn from your mistakes. 8. Find mentors. #1 reason people succeed is that they have good mentors.

Hey man you’re doing an amazing job by taking the time and giving these extremely valuable advices on RU-vid and helping out people succeed where you could be enjoying your time and the money you made and not giving a f about anyone’s success! Thank you so much and keep up the good work!

Thank for giving your time and knowledge....💯👍🏾👍🏾👍🏾👍🏾👍🏾

Love your advice. We built a business from our dining room table to over 30 mill per year in sales because of what I learned watching shark tank. I just crossed 1 mill subscribers on RU-vid with a product channel which is not easy to do! If you ever wanna talk RU-vid I'd love to mentor you on how you can explode on this platform! I would gladly fly to tou on my dime just to have lunch and share with each other. You got tbis!

Nice video! I especially like the specific examples of each tip. Everybody gives tips but so few people can speak about them so personally and so specifically. Thank you!

Thanks Damon, Tuning in from New Zealand. I was searching for a business mentor, glad I found you! You break it down the way it should be. Thanks 👊🏾

Thanks a lot. This is what I truly need at this moment.God bless you sir.

Thanks Daymond, this is very helpful!

Some things I watch on RU-vid and see how little people are watching it with me and feel like a loser.. but this isn't one of them.. I feel great knowing this should have way more people in here

I have been in business for almost a year, this video is gold. I wish, I found your RU-vid channel BEFORE I started my business. I probably would’ve taken baby steps. I took Shaq and Lebron steps instead and ended up wasting money.

Very powerful , thank you Daymond! My product is launching this holiday 😁

So much great info on here!! Definitely going to help me elevate my business

Thank you for the message God bless you and your family 💖💙🙏

Thank you Daymond! I’m trying to set up an acupuncture clinic that is definitely out of the box so I’m taking notes! Thanks for sharing your experience and lessons learned - I know it’s priceless ❤️🙌🏽

Amazing advice. I’m close to almost all the steps, stronger on some, weaker on others. Time to get to work! Thank you

I just started my business a month ago in the Financial Market (Life/health). Really need some guidance for my target market and technology. Thanks for giving those tips as well. Keep up the good work, Peace!

Thanks a bunch. You has been my mentor for today

Great tips to abide by! Thanks for sharing, Daymond! 😀👍🏾

Thanks for the colors info.

Great content I can’t believe it’s not a million subscribers

Hey Mr, John do you have snoop Dogg. In the portfolio? Iv got business proposal....

I’m excited to launch a livestream trivia game with cash/prizes it’s the only thing I know I can enjoy. But finding my target audience is challenging. I want to do strictly tech prizes. I guess I will invest in ads but was thinking of content creation for entrepreneurs(only thing I can speak on) but then inviting them to play with me seems like a contradiction. “I’m trying to make money you want me to play some games??” I don’t know but this video helped a lot thank you. 🙏

We create an experience that can’t be replicated and we value customers ✨✨✨✨🙌🏽🙌🏽🙌🏽🙌🏽

*I am a new day trader, and this related to me in more ways than I could have ever imagined.* Thank you so much. 🙏🏼🙏🏼🙏🏼

I wish they would give you this information the first day of business class. They kind of do, yes and no, this was just the best information an entrepreneur could know right from the start! Great info!

💯%right, great topics

The fact that this shark's channel has a few thousand subscribers but kylie has millions :)))))))

I love Daymond John

Daymond how do I get personal advice and mentorship from you? I'm on the brink of greatness and just need help.

Here for all the deets 🔥🔥🔥🔥

Thank you so much

Hi shark i just i want to know how can i find a team to build my start up

Mahalo for all the advice. 🤙🏼

Thank Damon. Priceless information. Thank you for dropping all these PRECIOUS GEMS. God Bless you in JESUS NAME AMEN 🙏 🙌 ✨️

Great learning experience

Agape...Thank you!!

Thanks, Daymond Stay real Bro

Absolute Power.

You are my mentor, one day I hope we get to meet in person

Thank you 👌 #nevergiveup

Love from India ❤

Great!

Man so how to start a business at minimum cost plz help me by giving suggestions and your experience

Brill video! :D

True back in the day. 🤣 IT WAS ALL ABOUT XXL …

☀️

This is free😳

"I found my thrill on Blueberry Hill." ~Fats Domino "Walking Distance to the Riverwalk" ~AloysiaAndAvery 🌻 InITTogether 💦

I have a high tech invention good to license to multiple tech firms and could be sold in multiple markets for multiple users but intentionally not yet patented due to further feature development. Hint: Nice high tech gadget possible high intense demand once people know about it. Not a toy and not a gammers gadget. What do you think Daymond? Oh it’s also a security and life saving gadget that will be extremely appealing to large companies and governments. Let me hear from you

Alright bro.

Daymond HEY!

yes the house mates are studying hard nice kids they are workers

Just say FUBU was for Black people! He was running away from that...